Nike Is In The Very Early Stages Of A Turnaround

Invest in a business any fool can run, because someday a fool will. Charlie Munger and Warren Buffett - Berkshire Hathaway Nike (NKE) is a good example of how poor leadership can harm even great companies! When John Donahoe was appointed as NKE's 4th CEO in January 2020, NKE called out his 'expertise in digital [...]

By |March 23rd, 2025|Equity Investing|Comments Off on Nike Is In The Very Early Stages Of A Turnaround

Invest In Fuel Generators And Not Fuel Suckers

The world of equities consists of fuel generators and fuel suckers. I use this terminology to describe the types of companies that either fuel or hamper wealth creation. Both categories include companies that: distribute no dividend, or that have unimpressive dividend metrics; and have alluring dividend metrics. This is why it is so important to [...]

By |March 18th, 2025|Education|Comments Off on Invest In Fuel Generators And Not Fuel Suckers

Compounding Can Be Difficult

  Morgan Housel’s The Psychology of Money – Timeless Lessons on Wealth, Greed, and Happiness is one of the thought-provoking books listed in the Books section of this site. Chapter 4 entitled Confounding Compounding touches upon why compounding can be difficult. The counter-intuitiveness of compounding may be responsible for the majority of disappointing trades, bad [...]

By |March 14th, 2025|Education|Comments Off on Compounding Can Be Difficult

Corrections Are Healthy

In times like this, it is no surprise many investors are experiencing some trepidation. Let them panic. You, however, should proceed knowing that corrections are healthy. Allow me to take you back in time to the mid-1970s when I was in high school. Several (most) of my high school courses never interested me. I never [...]

By |March 13th, 2025|Education|Comments Off on Corrections Are Healthy

Veeva Approaching Fair Valuation

I last reviewed Veeva Systems (VEEV) in this December 6, 2024 post at which time the most current financial information was for Q3 and YTD2025. Unfortunately, Veeva is approaching fair valuation with the share price surge following the release of Q4 and FY2025 results after the March 5, 2025 market close. Let's have a look [...]

By |March 6th, 2025|Equity Investing|Comments Off on Veeva Approaching Fair Valuation

S&P Global Exposure Increase

When I completed my 2023 year end portfolio review, S&P Global Inc. (SPGI) was my 8th largest holding. In early 2024, however, the Canadian Federal government introduced changes to the level of taxation on capital gains. This resulted in many Canadians having to seek professional tax advice. Following extensive discussions with our tax accountants, we [...]

By |March 5th, 2025|Equity Investing|Comments Off on S&P Global Exposure Increase

FFJ Portfolio – February 2025

Another month has flown by thus triggering this FFJ Portfolio - February 2025 report; all monthly reports are accessible here. Purchases  In February, I deployed $105,188 and made the following purchases in the FFJ Portfolio. Becton Dickinson (BDX) 100 shares @ ~$226.86 on February 6. My BDX exposure within a 'Core' account in the FFJ [...]

By |February 28th, 2025|FFJ Portfolio Holdings|Comments Off on FFJ Portfolio – February 2025

Agilent Near-Term Headwinds Present A Buying Opportunity

I last reviewed Agilent (A) in this November 27, 2024 post at which time the most current financial information was for Q4 and FY2024. With the recent release of Q1 2025 results and an update to the FY2025 outlook, I revisit this existing holding. In my prior review, I state that if A's share price [...]

By |February 28th, 2025|Equity Investing|Comments Off on Agilent Near-Term Headwinds Present A Buying Opportunity

HEICO Continues To Fire On All Cylinders

In this September 2019 post, I disclosed a new position in HEICO position with the purchase of 300 shares @ ~$99/share in one of the 'Side' accounts in the FFJ Portfolio. What prompted me to analyze this company was an article entitled The Greatest Investor You’ve Never Heard Of: An Optometrist Who Beat The Odds [...]

By |February 27th, 2025|Equity Investing|Comments Off on HEICO Continues To Fire On All Cylinders

Increased Zoom Communications Exposure

I last reviewed Zoom Communications in this November 26, 2024 post at which time I pointed out how stock-based compensation (SBC) distorts the company's Free Cash Flow (FCF). FCF is a non-GAAP metric. How companies calculate FCF is, therefore, inconsistent. ZM, for example, merely deducts capital expenditures (CAPEX) from its Net cash provided by operating [...]

By |February 25th, 2025|Equity Investing|Comments Off on Increased Zoom Communications Exposure
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